Tata Power Share Price Today

Tata Power Share Price Today

Today, Tata Power’s stock began trading at ₹444 and closed slightly lower at ₹443.55. Throughout the trading session, it reached a high of ₹445.05 and a low of ₹437.7. Notably, the company’s market capitalization stands at a substantial ₹140,252.03 crore, a key indicator of its value in the market. Over the past year, Tata Power’s stock has seen a high of ₹464.3 and a low of ₹215.65.

Ownership Insights

Ownership of Tata Power’s shares has seen some shifts, with mutual funds now holding 9.61% of the shares, down from 10.48% in the previous quarter. Similarly, foreign institutional investors (FIIs) now hold 9.44%, a slight decrease from 9.85% in the previous quarter. These changes in ownership reflect the evolving market sentiment towards Tata Power’s stock.

Financial Performance

For the most recent fiscal year, Tata Power reported a return on equity (ROE) of 12.09% and a return on investment (ROI) of 4.99%. Analysts estimate the ROE to be 11.56% for the current fiscal year and 12.05% for the upcoming year.

Revenue and Growth

Over the past three years, Tata Power has demonstrated impressive growth, with earnings per share (EPS) increasing by 51.54% and revenue by 23.70%. In the last twelve months, the company’s revenue reached ₹614,489.00 crores, slightly higher than the previous fiscal year. This positive trend is expected to continue, with analysts predicting a further revenue growth of 28.59% and profit growth of 11.44% in the upcoming quarter.

Market Analysts’ View

Market analysts currently recommend holding Tata Power stock, providing a balanced view of the situation. The median price target is ₹308.0, 29.31% lower than the current market price. However, it’s important to note that analysts have set a range of target prices, with the weakest at ₹230.0 and the highest at ₹471.6, indicating a wide range of potential outcomes.

Market Trends and Trading Insights

Today, Tata Power’s stock closed at ₹435.7, marking a 0.68% decrease from the previous day’s closing price of ₹438.7. Analysts suggest that crucial resistance levels for the next trading session could be around ₹439.42, ₹443.18, and ₹446.87, while key support levels are anticipated at ₹431.97, ₹428.28, and ₹424.52.

Also Read| Defense Stocks Surge as Government Focuses on Sector Growth

Futures Trading and Market Sentiment

Futures trading indicates a downward trend with a decrease of -0.76% and a decline in open interest by -183.1%. This suggests a bearish sentiment in the market, indicating a nearing bottom or a reversal shortly for Tata Power’s stock.